BENEFIS HEALTH SYSTEM INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

JOHN GOODNOW

Phone

4064552563

Tax Period

2023-01-01 to 2023-12-31

BENEFIS HEALTH SYSTEM INC, founded in 2008, is a major nonprofit in the Health Care sector that reported $125.3M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $113.7M left a modest 9% surplus.

Mission

WE PROVIDE EXCELLENT CARE FOR ALL, HEALING BODY, MIND AND SPIRIT. BENEFIS HEALTH SYSTEM, INC. IS ORGANIZED TO OVERSEE, COORDINATE AND DIRECT THE ASSETS AND OPERATIONS OF BENEFIS HOSPITALS, INC., BENEFIS COMMUNITY CARE, INC., BENEFIS MEDICAL GROUP, INC., BENEFIS HEALTH SYSTEM FOUNDATION, INC., BENEFIS COMMUNITY HOSPITALS, INC. AND OTHER RELATED ENTITIES AS PART OF AN INTEGRATED HEALTHCARE DELIVERY SYSTEM SERVING THE RESIDENTS OF NORTH CENTRAL MONTANA.

Program Service Accomplishments

Program 1

Expenses: $113,746,016 Revenue: $108,507,335

PROVIDE MANAGEMENT AND ADMINISTRATIVE SERVICES FOR MULTIPLE RELATED HEALTH CARE ENTITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,662,242

Program Service Revenue $108,691,189

Investment Income $15,302,558

Other Revenue $-355,185

TOTAL REVENUE $125,300,804

Expense Breakdown

Grants Paid $642,665

Salaries & Benefits $24,871,090

Fundraising Expenses $0

Program Expenses $113,746,016

Other Expenses $59,273,561

TOTAL EXPENSES $113,746,016

Year-over-Year Comparison

	2023	2022	Change
Revenue	$125,300,804	$107,721,415	+0.2%
Expenses	$113,746,016	$100,742,052	+0.1%
Net Income	$11,554,788	$6,979,363	+0.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

237

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$3,161,648

Total Directors

$1,817,801

Key Employees

$2,480,965

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN GOODNOW	DIRECTOR/CHIEF EXECUTIVE OFFICER	60.00	Officer Director	$1,779,096	$34,105	$1,813,201
GREGORY TIERNEY MD	CHIEF MEDICAL OFFICER & EVP	19.00	Key Emp	$827,304	$169,483	$996,787
FORREST EHLINGER	CHIEF RESOURCES OFFICER & EVP	27.00	Officer	$766,465	$153,132	$919,597
PAUL DOLAN MD	CHIEF MEDICAL INFORMATION OFFICER	50.00	Highest	$448,797	$38,956	$487,753
CASEY BUCKINGHAM	SENIOR VP OF HUMAN RESOURCES	50.00	Key Emp	$408,929	$67,441	$476,370
BRIDGET BRENNAN MD	CHIEF MEDICAL OFFICER, BENEFIS MEDICAL GROUP	20.00	Key Emp	$426,963	$48,427	$475,390
BRUCE HOULIHAN	CHIEF FINANCIAL OFFICER & SENIOR VP	50.00	Officer	$352,559	$76,291	$428,850
VICKIE NELSON	CHIEF INFORMATION OFFICER	50.00	Key Emp	$258,328	$50,076	$308,404
JULIE WALL	VICE PRES, QUALITY AND INFECTION CONTROL	50.00	Highest	$243,754	$37,119	$280,873
PATTY HARRIS	DIRECTOR REVENUE CYCLE	50.00	Highest	$235,683	$32,990	$268,673
KACI HUSTED	VICE PRES. SYSTEM COMMUNICATION AND BUSINESS DEVEL	50.00	Key Emp	$169,024	$54,990	$224,014
MINDI PAYNE	CONTROLLER, DIRECTOR OF FINANCE	50.00	Highest	$185,083	$3,051	$188,134
LAURA MERCHANT	DIRECTOR OF PATIENT ACCESS	50.00	Highest	$149,996	$23,777	$173,773
GENE THAYER	DIRECTOR	4.00	Director	$1,182	$0	$1,182
DON HAMILTON	DIRECTOR	4.00	Director	$1,042	$0	$1,042
TANYA CAMERON	DIRECTOR	4.00	Director	$837	$0	$837
BILL BOURRET	DIRECTOR	4.00	Director	$812	$0	$812
WILLIAM MCGREGOR MD	DIRECTOR	4.00	Director	$727	$0	$727
ED BUTTREY	CHAIR	4.00	Officer Director	$0	$0	$0
SHANNON HOILAND	VICE CHAIR	4.00	Officer Director	$0	$0	$0
MIKE MILBURN	DIRECTOR	4.00	Director	$0	$0	$0
DAVE RICHARDS	DIRECTOR	4.00	Director	$0	$0	$0
EUGENE MCALLISTER	DIRECTOR	4.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$125,300,804	$113,746,016	$1,853,213,534	$11,554,788
2022	$107,721,415	$100,742,052	$1,544,813,656	$6,979,363
2022	No data	No data	No data	No data
2021	$121,846,801	$98,436,838	$1,511,234,520	$23,409,963
2020	$60,614,548	$62,741,299	$1,242,284,909	$-2,126,751
2019	$69,706,426	$63,996,198	$1,077,897,926	$5,710,228
2018	$68,767,559	$64,220,519	$925,080,969	$4,547,040